Last Week we gave Chopad level of 31300 Bank Nifty made low of 31142 on Monday and give us long entry and did all 2 target on Upside, so awesome week for chopad followers. Lets see how to trade in coming week as we has RBI Policy in coming week. High made on Friday was 31784 which gave a good short entry below 31700 Election day High as per Emotional High and Low concept of gann in below video
Bank Nifty Harmonic Pattern
Till we are holding 30561 Upgraded target 32000/32400/32753
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to hold in case of gap down 31260 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.
Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30560 only
Bank Nifty Gann Dates
Bank Nifty As per time analysis 04/07 June is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 31260 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.
Bank Nifty Monthly
For June month 30561 should be watched in any decline will act as support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31260
Bank Nifty Resistance: 31500,31725,31930,32256
Bank Nifty Support:31050,30810,30540,30265
Levels mentioned are Bank Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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